> Q3 2012 GAAP operating income grew 23% to $20.7 million (after excluding a one-time non-recurring gain of $1.2 million in Q3 2011, from the reversal of contingent earn out accrued liabilities related to certain business acquisitions made in 2010)

> Net cash provided by the Company's ongoing operations in Q3 2012 was $19.3 million, a decrease of 13% year-over-year... due to increased levels of trade receivables and accrued liabilities at 9/30/12

> The Company reported an operating margin of 38.5% for Q3 2012 as compared to 39.4% based on the Non-GAAP operating income for the same period during 2011, after excluding the impact of the one-time non-recurring gain in Q3 of 2011 of $1.2 million, discussed above within the operating income section.

> Q3 2012 diluted earnings per share rose 13% year-over-year to $0.46 as compared to $0.41 in the third quarter of 2011. For purposes of the Q3 2012 EPS calculation, there was an average of 39.1 million diluted shares outstanding during the quarter, as compared to 40.4 million diluted shares outstanding in Q3 of 2011.

CEO Raina: "The year-to-date operating cash flows through September 30th 2012 were $54.0 million indicating that we can manage our fast growth and generate cash to further strengthen the Company in future quarters. Strategically, London is arguably the second largest insurance market in the world. The Company is excited to be addressing that market now with the launch of EbixEurope and the acquisition of TriSystems in London in August. As we integrate our 2012 acquisitions and increase the sales momentum, we expect increased cross-selling and further increases in operating cash flow in the coming quarters."

SVP and CFO Robert Kerris. "Furthermore, during the quarter the Company continued to invest in the growth of the business with $9.3 million of accretive business acquisitions and $389 thousand of capital expenditures. Our balance sheet remains strong as reflected in the aggregate cash, cash equivalents, and short-term cash deposit investments in the amount of $31.0 million as of September 30, 2012, and working capital of $15.8 million.

Our accounts receivable DSO stood at 61 days as of September 30, 2012, continuing an improving trend as this reflects a reduction of 3 days from year-end 2011, and 6 days from a year earlier at September 30, 2011.

Our net debt presently stands at $52.2 million as of September 30th 2012. The Company presently has access to approximately $38.2 million of readily available cash resources from its financing facility with Citi Bank combined with cash on hand to support the continued growth of the Company, both organically and with accretive acquisitions."http://finance.yahoo.com/news/ebix-announces-quarterly-reven...------------------MDP Home Fool